Zigup Balance Sheet Health
Financial Health criteria checks 3/6
Zigup has a total shareholder equity of £1.0B and total debt of £617.5M, which brings its debt-to-equity ratio to 59.2%. Its total assets and total liabilities are £2.2B and £1.2B respectively. Zigup's EBIT is £193.8M making its interest coverage ratio 5.9. It has cash and short-term investments of £39.8M.
Key information
59.2%
Debt to equity ratio
UK£617.51m
Debt
| Interest coverage ratio | 5.9x |
| Cash | UK£39.80m |
| Equity | UK£1.04b |
| Total liabilities | UK£1.18b |
| Total assets | UK£2.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 21W's short term assets (£508.5M) exceed its short term liabilities (£448.8M).
Long Term Liabilities: 21W's short term assets (£508.5M) do not cover its long term liabilities (£733.0M).
Debt to Equity History and Analysis
Debt Level: 21W's net debt to equity ratio (55.4%) is considered high.
Reducing Debt: 21W's debt to equity ratio has reduced from 84% to 59.2% over the past 5 years.
Debt Coverage: 21W's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: 21W's interest payments on its debt are well covered by EBIT (5.9x coverage).